Konstelec Engineers Limited IPO

Price
₹66 - ₹70
Lot
2000
Subs.
341.8
Expected Listing Earning

Exp. Premium(GMP):
24.00(34.29%)
IPO Details

Open Date: 19-Jan-2024
Close Date: 23-Jan-2024
Allotment Date: 24-Jan-2024
Listing Date: 29-Jan-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹66-70 Per Equity Share
Issue Size: Total Issue Size 4,100,000 shares (aggregating up to ₹28.70 Cr) : Fresh Issue 4,100,000 shares (aggregating up to ₹28.70 Cr)
Market Lot (Min Amount): Retail - ₹140,000 : HNI - ₹280,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved778,000586,0001,364,0002,728,000
Day 1 - 19-01-24 
05:00 PM
7.09x19.77x40.02x26.28x
Day 2 - 23-01-24 
05:00 PM
12.80x116.81x234.58x146.03x
Day 3 - 24-01-24 
05:00 PM
113.80x421.36x437.67x341.80x
Total No. of Application:298,488 (Approx.)
Retail Subscription on the basis of Apps:437.67x
Valuations

Earning Per Share(EPS)7.07/-
P/E Ratio9.9
RoNW12.56%
Net Asset Value (NAV) - Post Issue:56.29/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,202316,223.239,434.05456.16
31 Mar,202314,612.9915,500.05777.77
31 Mar,202211,884.4410,902.31352.25
31 Mar,202110,364.0210,617.16190.34
Promoter(s)

Pre Issue Share Holding91.65%
Post Issue Share Holding66.77%
Company Promoter(s)
1. Mr. Biharilal Ravilal Shah
2. Mr. Amish Biharilal Shah
Issue Objective(s)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General corporate purposes
  3. To meet Public Issue Expenses.
About Company

Founded in December 1995, Konstelec Engineers Limited is active in the fields of engineering, procurement and construction/commissioning (EPC).

The company offers a wide range of services including engineering and drawings, procurement, operations and maintenance, project management and construction and commissioning. The company's areas of expertise include electrical installation, solar power plant installation, instrumentation and automation. The company has completed more than 200 projects of varying size and complexity, including 45 major projects worth over 400 crores.

The company's clients include Reliance Industries Limited, Engineers India Limited, JSW Steel, Indian Oil, BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries Limited, Adani, NTPC, Tata Steel Ltd, Navin Fluorine International Ltd and IGPL, etc.

The company provides services in more than 15 states in India and Nigeria.

As on November 30, 2023, Konstelec Engineers Limited has an order book of more than 57 major projects worth around 573 crore in various stages of implementation.

The company employs over 800 people in India and Africa, including more than 120 engineers, 250 technicians and various other locally employed staff.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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